National Bank reaches deal to buy Canadian Western Bank at $5B valuation

Canada's banking sector is facing further consolidation as National Bank of Canada has reached an all-share deal to acquire Canadian Western Bank that values the lender at about $5 billion.

National Bank reaches deal to buy Canadian Western Bank at $5B valuation
A large building with a Banque Nationale sign.

Canada's banking sector is facing further consolidation as National Bank of Canada has reached an all-share deal to acquire Canadian Western Bank that values the lender at about $5 billion.